$SPX - April Timing

SPX made a high at April 14th turn date.  A fractional higher high shortly thereafter was seen, and then SPX declined.  The next low due April 23rd.

There are a number of dates to watch for April and May.

60min Chart

Oil - UCO - Oil Bullish Pattern Forming

Oil is near the $18 support.

Production cuts have been made.  The cuts are supportive enough to see a short term pop in Crude Oil, and a bullish chart pattern has formed.

UCO has an Inverse Head and Shoulders.

15min

SCO has clear wedge.

15min

$VIX - Support Soon

VIX nears the middle support, and is anticipated to reach that level soon.

Once the middle support is tested a rise in volatility is expected.  TVIX, UVXY, and VXX are consolidating currently.

2 Day Chart

UVXY has been in a declining channel for several years, and is likely to transition into a rising trend.

2 Day Chart

$SPX - Large Scale

SPX tried and failed to breakout above resistance.  Price hit major support exactly and bounced this week.

Down pressure remains this year.

Quarterly

TVIX - Meltdown Underway

TVIX made a parabolic rise, and started to meltdown yesterday.

The 50 weekly moving average is at $146, and should provide support next week.  TVIX should hold over that in the $250 level. 

60min Chart

SVXY finally broke out of a relentless downtrend.

60min Chart

$SPX - March and April Timing and Targets

This week and next week could see positive performance in SPX with a relief rally.

The blue mid-resistance is the initial target.  After that level is reached SPX may slide down into May.

2 hour Chart

$VIX - Peak Panic

VIX may be running out of room to advance in this panic.

This is a volatility event.  VIX is testing near the 2008 high.

SPX is holding quite well compared to 2008.  While fast, this drop for SPX is mild in terms of percentage in a bear market relative to 2008.

The monthly chart shows long term levels of VIX support and resistance.

Monthly Chart